The Grand Lisboa Palace in Macau has a new president. The integrated resort’s (IR) parent company, SJM Holdings, has announced that Paul Baker has been tapped to oversee the operations at the IR, which is still under construction.

Baker took over as President on October 1. Until this past August, he had spent four years at Resorts World Genting as the company’s Deputy Chief Operating Officer. He will be responsible for all aspects of the IR’s operations, as well as cash flow and optimization of the entity’s EBITDA (earnings before interest, taxes, depreciation and amortization).

The casino veteran has been involved in executive-level operations for He has previously served as the VP and Assistant General Manager for several properties belonging to Caesars Entertainment and also briefly held the position of Executive VP of Resorts Operations at Wynn Macau.

The Cotai-based Grand Palace is expected to open some time next year. It is costing SJM around $4.6 billion to build and is expected to help the company recover some of the financial losses it has recorded from other operations.